Stocks Broke A New Record In The USA

Stocks broke a new record in the USA. Following the non-farm payroll data, the indices hit a record high.

Employment data in the US supported expectations that incentives should continue, while stocks reached record levels. While the S&P 500 index renewed its record for the day after the announcement of non-farm employment data in the US, Dow Jones and Nasdaq indexes moved upwards. After the US non-farm payrolls, which remained below expectations, 10-year bond yield declined by more than 10 basis points. Non-agricultural employment in the country increased by 266 thousand in April. In April, the unemployment rate in the country increased to 6.1 percent. Economists' expectation was that unemployment would be 5.8 percent in April. Accordingly, the country has seen an increase in unemployment for the first time since April 2020. When the hourly earnings were analyzed, an outlook was observed above the expectations of economists. According to this data, average hourly earnings in April increased by 0.7 percent compared to the previous month. Economists did not expect a change in this data. On an annual basis, average hourly earnings, which are expected to decline by 0.4 percent, increased by 0.3 percent compared to the same period last year.